Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.064%

Price spread now: Coinbase International against SunX+0.139%7-day average +0.279% · you sell dearer than you buy

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2572.574% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.317%+$32 on $10k

Price spread, last 3 days (all we have)+0.075%+$8 · spread now +0.139%, 7d avg +0.279%

Together, before fees+0.392%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.140% cheaper against SunX than usual: you would sell low and buy high (spread +0.139% now, against its 7-day average of +0.279%). If the spread goes back, that is −$14 on $10k: about 2.5 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX APT-USDT	0.7886	0.0100	pay 0.0100% / 8h	1h 00m	$6K	$1.4M	20x
Short	Coinbase International APT-PERP-INTX	0.7897	0.0288	get 0.0036% / 1h	0m 10s	$210K	$561K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.139%Rate

Funding earned: $39.48
Price spread: +0.139% → +0.279%: −$13.96
Slippage, 4 orders: −$239.35
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$231.83
Costs to cover: 2.574%
Break-even: 48.1 days

Slippage from SunX: live order book, 4 min ago; Coinbase International: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 4 min ago	30.47 bp	100.1 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 18 min ago	9.56 bp	24.5 bp −$24	doesn't fit	doesn't fit	doesn't fit

APT on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange APTUSD	−0.0448%	1h	0.7879	−0.089%	$2K	—	5x	as long as short
Kraken Futures PF_APTUSD	−0.0420%	1h	0.7899	+0.164%	$545K	$635K	50x	as long as short
Variational Omni APT	−0.0063%	8h	0.7887	+0.018%	$619K	$214K	—	as long as short
Injective APT/USDC PERP	−0.0033%	1h	0.7780	−1.344%	$2K	$241K	12x	as long as short
Orderly PERP_APT_USDC	−0.0017%	8h	0.7895	+0.114%	$10K	$7K	10x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7899	+0.159%	$22K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7898	+0.152%	$7K	$387K	50x	as long as short
Lighter APT	+0.0096%	1h	0.7896	+0.127%	$432K	$351K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7905	+0.241%	$6.1M	$5.3M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7899	+0.166%	$308K	$465K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance APTUSDT	+0.0100%	8h	0.7898	+0.152%	$29.2M	$97.8M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7895	+0.114%	$29.5M	$35.6M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7894	+0.101%	$6.2M	$23.9M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7896	+0.127%	$2.8M	$4.7M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7897	+0.139%	$28.6M	$14.7M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7893	+0.089%	$5.6M	$12.2M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7895	+0.114%	$8.9M	$12.3M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7896	+0.127%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7901	+0.190%	$199K	$370K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7890	+0.051%	$66K	$570K	50x	as long as short
SunX APT-USDTlong	+0.0100%	8h	0.7886	long leg	$6K	$1.4M	20x
SoDEX APT-USD	+0.0100%	1h	0.7896	+0.127%	$76	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7900	+0.178%	$267K	$138K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7892	+0.072%	$84K	$464K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7897	+0.143%	$24K	—	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0190% / S −0.0143%	1h	0.7894	+0.100%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7899	+0.165%	$1.5M	$800K	75x	as long as short
Coinbase International APT-PERP-INTXshort	+0.0288%	1h	0.7897	+0.139%	$210K	$561K	50x
Reya APTRUSDPERP	+0.0469%	1h	0.7896	+0.130%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0990%	1h	0.7900	+0.175%	$55K	$5K	10x	as long as short